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$ 2,395,000
Est. payment | /mo
6,900 SqFt
$ 2,395,000
Est. payment | /mo
6,900 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,900 sqft
Price per Sqft $347
MLS Listing ID CL26868767
HOA Y/N No
Year Built 1949
Lot Size 0.348 Acres
Acres 0.3482
Property Sub-Type Other
Property Description
We are pleased to present 6036 10th Avenue, a 14-unit apartment community situated on a 15,168 square foot lot in the Hyde Park / Park Mesa Heights neighborhood of Los Angeles. Built in 1949, the property comprises 6,900 rentable square feet across a series of single-story, bungalow-court buildings arranged around a landscaped central walkway giving each unit its own private entrance and a house-like feel that sets it apart from surrounding rental stock. Offered at a going-in 8.09% Cap Rate, the property offers investors strong current cash flow alongside a path to future upside. The building offers a clean, uniform mix of fourteen one-bedroom/one-bath units, including two newly constructed ADUs (6044 1/2 and 6050 1/2), a straightforward configuration that keeps operations simple while appealing to a broad, stable tenant base. Many units have been renovated as leases have turned, featuring white shaker cabinetry, quartz countertops, subway-tile backsplashes, stainless appliances, and updated vinyl-plank or hardwood flooring with the remaining units offering clear interior upside on future turnover. Located in the Crenshaw corridor, the property sits minutes from the Metro K (Crenshaw/LAX) Line and offers convenient access to SoFi Stadium and the Inglewood entertainment district, Culver City, Downtown Los Angeles, and LAX a submarket drawing sustained investment and steady workforce-housing demand.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Forced Air
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 4006001020
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Listed by Joshua Cohen • Keller Williams Realty
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